Homeowners considering a roof replacement as their next home improvement project might be surprised to receive estimates higher than expected. Unfortunately, roofing costs have risen sharply to keep pace with the U.S. economy’s persistent inflation.
However, there are strategies to reduce your roofing expenses. First, understand why roofing costs are growing and what options you have as a homeowner to obtain the best value.
Inflation Affects Everything
High inflation affects economies and industries around the world. The recent Consumer Price Index from the U.S. Bureau of Labor Statistics reported an 8.6% increase in consumer prices across the economy. The inflation accompanying the pandemic has been more impactful, hurting volatile industries, including the construction sector, which encompasses the roofing industry.
As inflation continues to climb, roofing material costs have surged in many regions of the country, making it difficult for contractors to predict roofing costs for their clients. Key raw materials, such as aluminum and steel, are in short supply, driving up prices. HomeAdvisor says material prices have risen by 5% to 10% this year.
Materials are more expensive, and earlier supply chain interruptions caused by the pandemic and labor shortages have also pressured pricing.
As the industry continues to recover from inventory shortages that began in early 2020, the factors above will continue to contribute to rising roofing costs. What does this mean for you as a homeowner? Instead of stressing about issues like how much roofing shingles cost, property owners will need to reevaluate plans and upcoming decisions regarding home improvement.
Getting Past Roofing Inflation Costs
Rising roofing costs could mean you’ll need to spend more to complete your home improvement projects. Depending on the size and scope of your roof replacement, a roofing job would require a budget between $5,500 and $12,000.
While it can be exciting to undertake this big improvement project, there are a few things you should consider, including:
- Overall cost
- Practicality
- Environmental impact
In many cases, homeowners replace their roofs upon seeing minor signs of deterioration. There is another option, however. With roof rejuvenation, you can beat higher roofing costs and keep your roofing project affordable. Roof Maxx is often a better choice.
What You Can Expect with a Roof Maxx
Roof Maxx uses a revolutionary technology that penetrates old, brittle shingles with all-natural bio-oil that restores their flexibility and protects your home better. You won’t have to wonder how much roofing shingles cost when you can simply restore the ones you already have. One application is guaranteed to add five years of life to your asphalt roof while saving about 80% of what you would spend on a roof replacement.
Before undertaking Roof Maxx, our experts will examine your roof and provide an estimate. Before final treatment, they’ll do a pre-treatment tune-up to assess your roof’s condition. Roof Maxx treatments take 30 minutes to a few hours, depending on the roof.
When you choose Roof Maxx to treat your roof, you contribute to a greener future. Extending the life of your roof keeps construction waste out of landfills—that’s something to feel good about!
Don’t pay the rising cost of construction and roofing materials. Instead, rejuvenate your roof for a fraction of the cost to significantly extend the life of your roof. Contact Roof Maxx today to get your free quote.
